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Euro / Australian Dollar

EURAUD currently testing trendline resistance

By FKW-Millions
Updated
The EURAUD currency pair is currently testing a key trendline resistance, with an attempt to break out. In the event of a successful breakout above 1.6600, we anticipate a potential upward movement towards the next resistance level at 1.6865. However, failure to breach the trendline resistance could result in the pair remaining within its established trend.
Comment
EURAUD is facing a tough time breaking through the trendline resistance.
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Comment
The breakout attempt of EURAUD above its trendline appears to have failed, with the currency pair now descending and remaining within its established trend.
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Beyond Technical AnalysisEURAUDeuraudbuyeuraudsellTrend Analysis

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